GraceFinance · Source-backed public company research
Cango Inc. (CANG)
NYSE · Finance, Insurance & Real Estate · Finance Services
Core research established · 4/4 core data layers currently established
What Cango Inc. does
A. History and Development of the Company We began operations in August 2010 through Shanghai Cango in China. Our business initially focused on providing automotive financing solutions to car buyers by connecting them to dealers and financial institutions through Cango platform. Over time, we extended our offerings to include automobile trading solutions and after-market services. In October 2017, we incorporated Cango Inc. under the laws of the Cayman Islands, as our ultimate holding company. 37 Table of Contents In November 2024, we diversified our business operations and expanded into the crypto mining industry by announcing a landmark acquisition of crypto mining assets located outside of China with an aggregate hashrate of 50 EH.
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